ING Groep NV Raises Stock Holdings in Kimco Realty Corp (NYSE:KIM)

ING Groep NV lifted its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 125.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 337,694 shares of the real estate investment trust’s stock after purchasing an additional 187,938 shares during the quarter. ING Groep NV owned 0.05% of Kimco Realty worth $7,912,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ieq Capital LLC grew its holdings in shares of Kimco Realty by 5.4% during the fourth quarter. Ieq Capital LLC now owns 16,789 shares of the real estate investment trust’s stock worth $393,000 after purchasing an additional 853 shares in the last quarter. Bryn Mawr Capital Management LLC bought a new stake in Kimco Realty in the 4th quarter worth approximately $178,000. CIBC Asset Management Inc lifted its position in Kimco Realty by 4.7% in the 4th quarter. CIBC Asset Management Inc now owns 103,273 shares of the real estate investment trust’s stock worth $2,420,000 after buying an additional 4,637 shares during the last quarter. Sanctuary Advisors LLC lifted its position in Kimco Realty by 10.1% in the 4th quarter. Sanctuary Advisors LLC now owns 40,288 shares of the real estate investment trust’s stock worth $914,000 after buying an additional 3,684 shares during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its position in Kimco Realty by 102.9% in the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 1,104 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Performance

Shares of KIM stock opened at $21.52 on Friday. The stock has a fifty day moving average of $22.67 and a 200 day moving average of $23.37. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.83. The firm has a market capitalization of $14.50 billion, a price-to-earnings ratio of 38.42, a PEG ratio of 2.77 and a beta of 1.50. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. As a group, research analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Friday, March 7th. Kimco Realty’s payout ratio is 178.57%.

Analysts Set New Price Targets

A number of analysts recently weighed in on KIM shares. UBS Group boosted their target price on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Mizuho boosted their target price on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Scotiabank boosted their target price on Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Monday, November 25th. Evercore ISI lowered their price objective on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Finally, Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and dropped their price objective for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kimco Realty presently has an average rating of “Moderate Buy” and an average target price of $24.83.

Kimco Realty Company Profile

Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.